Current report in compliance with of article no. 108 of Law no. 24/2017, republished (ALRO S.A. & VIMETCO MANAGEMENT ROMANIA S.R.L.)

Wed, 08/14/2024 - 16:34

Significant event to be reported: Reporting of transactions with related parties according to art. 108paragraph 3 and paragraph 13 of Law no. 24/2017 – Republished

Please be informed by the present Current Report, that ALRO S.A. concluded on the date of August 14th, 2024 with the company VIMETCO MANAGEMENT ROMANIA S.R.L.two new transactions whose cumulated value with the other transactions concluded/ carried out within the last 12 months, cumulatively exceed 5% of the Company’s net assets as per ALRO S.A. Standalone Financial Statements related to the first 6 months of 2024, amounting to RON 43,365,613, as follows:

• Transactions of ALRO S.A. withVIMETCO MANAGEMENT ROMANIA S.R.L., carried out during the period July 1st – 31st, 2024 in total amount of RON 15,476,092.
• Details on the transactions concluded on August 14th, 2024 by ALRO S.A. as Buyer/Consumer, with the company VIMETCO MANAGEMENT ROMANIA S.R.L. as Seller/Provider, in estimated amount of RON 117,609,235.

Details have been enclosed to this Report, as follows:

• Annex 1 - Reporting of transactions carried out during the period July 1st – 31st, 2024;
• Annex 2 - Reporting of contracts related to the transactions in Annex 1;
• Annex 3- Reporting of transaction concluded on August 14th, 2024 and of mutual debts and receivables balances as of July 31st, 2024.

The Company management declares that the management has assessed the reported transactions as being economically correct and justified.